Ingenia Communities will move ahead with plans to expand its Latitude One facility at Anna Bay following the green light from Port Stephens Council.
The over-55s’ resort, which boasts a 270-home luxury lifestyle estate, opened in the region in 2018 at a cost of $100 million.
Now, after gaining approval from council this month, Ingenia is expected to add another 171 dwelling sites.
Chief executive officer Simon Owen said the company looked forward to delivering the expansion in the ever-growing LGA.
“This will augment the economic, social and environmental contribution we already make in the region,” he explained.
“As well, the project will improve housing choice, diversity and affordability in Port Stephens by giving over 55s the chance to downsize to a community that is focused on their health and wellbeing.
“And, in doing so, it’ll help unlock property more suited for local families.
“It will boost the mix of housing options, which Ingenia already provides across our portfolio of sites in the region, including the acquisition and planned expansion of Ingenia Rental, Anna Bay Village which will offer affordable rental housing options available to all ages.”
Mr Owen said the latest proposal would grow its economic footprint in the LGA, too.
“We’ve invested more than $400 million over the past decade, employing more than 75 people in Port Stephens,” he stated.
“Our expansion plans also place a premium on environmental protection, particularly preservation of precious koala habitat.
“We have provided an extensive conservation corridor through the site to link that.
“Koala feed tree planting is already underway across Latitude One, thanks to our partnership with the Port Stephens Koala Hospital.”
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